Article Archives

Post Type of: Article

Agriculture

American Crystal Sugar: Full Steam Ahead

Despite escalating costs for all concerned, American Crystal Sugar is operating without 1,300 unionized factory workers locked out six months ago. Upping the ante, the union threatens to pull support for the Farm Bill, which in turn could hurt the entire sugar industry.

Leadership

Pay It Forward With MicroGrants

Social enterprise pioneer Joe Selvaggio started his newest venture, MicroGrants, to give ambitious people in need a boost—without getting them into debt.

Agriculture

Can Beer Stay Cool?

Craft breweries are springing up all across the Twin Cities. Why now? And will demand keep these start-up businesses from going flat?

Other

CHS Program Rewards Good Deeds with Free Fuel

St. Paul-based CHS, Inc., which sells fuel and other energy products under the Cenex brand, launched a program this month that will reward selected individuals who give back to the

Economy

Dayton Finds Faults in Stadium Plans, Leans Toward One

Governor Mark Dayton received a series of proposals for a new Vikings stadium last week, meeting his Thursday deadline-and although he has yet to solidify his choice, he reportedly favors

Other

Ecolab to Cut 500 Positions in Post-Merger Restructuring

About six weeks after completing its $8.3 billion acquisition of Nalco Holding Company, Ecolab, Inc., announced Thursday that it plans to reduce its global work force by about 500 positions

Banking + Finance

Local Software Firm Lands $52.5M Investment

A local software firm has landed what is believed to be one of the largest venture capital deals for an information technology company in Minnesota's history. Code 42 Software, Inc.,

Other

Metro Transit Ridership Climbs to 81 Million in 2011

Metro Transit on Tuesday reported that roughly 80.9 million rides were taken on its buses and rail services last year. That's up 3.5 percent, or 2.7 million rides, from 2010-and

Economy

MN Adds 7,900 Jobs as Unemployment Falls Again

Minnesota's unemployment rate continued its steady decline in December, dropping 0.2 percent to a seasonally adjusted 5.7 percent, according to data released Thursday by the Minnesota Department of Employment and

Other

Mpls. Ad Agency Renamed Yamamoto, Hires 3 Leaders

Minneapolis-based ad agency Yamamoto Moss Mackenzie shortened its name to Yamamoto and announced three new hires in key leadership roles. "New leadership and the infusion of fresh talent and clients

Other

Snap Fitness Buys Iowa-Based Fitness Chain

Chanhassen-based fitness club franchisor Snap Fitness announced Wednesday that it recently acquired Des Moines, Iowa-based Kosama Complete Body Transformation. Terms of the acquisition, which was completed January 4, were not

Other

Target Suspends Efforts to Sell Credit Card Portfolio

Target Corporation is temporarily suspending its efforts to sell its credit card receivables portfolio-which manages the balances that credit card holders owe the company. Target announced in January 2011 that

Other

Buffets Enters Bankruptcy; 81 Restaurants to Close

Buffets, Inc., on Wednesday filed for Chapter 11 bankruptcy protection-a move that comes four years after its first bankruptcy filing. In addition to filing for bankruptcy with all of its

Other

Carlson, European Partner Unveil Unified Brand

Carlson Hotels, a subsidiary of Minnetonka-based Carlson, and its European partner The Rezidor Group announced Wednesday that they will now market themselves under a single brand: Carlson Rezidor Hotel Group.

Agriculture

American Crystal Rejects Union Offer, Reports Lower Profits

American Crystal Sugar Company has rejected the most recent proposal from the union representing workers who have been locked out by the company, calling the offer "a publicity stunt." Separately,

Leadership

Best Buy CEO Again Responds to Critics

On the heels of critical media coverage about Richfield-based Best Buy Company, Inc.,CEO Brian Dunn fired back at the harsh critics through a blog on Best Buy's Web site. The

Leadership

Best Buy Restructures Key Leadership Positions

Richfield-based Best Buy Company, Inc., on Monday announced the restructuring of two key leadership roles: Shari Ballard was named president of Best Buy's international business, and Mike Vitelli was named

Other

Galleria Announces New Stores, Some Departures

The Galleria, Edina's upscale shopping mall, will soon have a new roster of retailers. The mall said Monday that several new stores will soon set up shop, and a few

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